Quote from: pooya87 on December 28, 2019, 05:30:45 AM

wrong again. bear market ended a year ago. 2019 was a bull market or have you missed out on the 330% rise that we had this year?!!

For me, 2019 was still a bear market as Bitcoin didn't get past its latest ATH of $20k per coin. It was hovering between the $6.5k - $8k range during the course of the year. While I didn't invest into Bitcoin while it soared to $20k per coin, I regret myself not having sold my coins when they were that high. I could've made a lot of profit by then. Instead, I've "hodled" my coins as I believed Bitcoin was going to go much higher than that by 2018.

Anyways, it's 2020 now and prices are still below $10k. Maybe the next halving would trigger an increase in price? Because if Bitcoin stays at the $7.5 - $8k range, then it would turn out to be quite unprofitable for those mining it. Let's hope that won't be the case and Bitcoin soar towards new ATHs within the upcoming years. Wink

Quote from: NeuroticFish on December 28, 2019, 06:58:11 PM

No new ATH would mean not much further evolving of Bitcoin - as technology and as acceptance/use too. It would mean Bitcoin dying. It would make the miners leave. It would be bad.
But I don't think that this can realistically happen.

Also, how many years means "never"?! Wink

That's certainly true, mate. I guess we'll have to wait and see what happens with BTC's price every 4 years after each halving of the block reward. If Bitcoin mimics Gold as a store of value, prices should definitely go up within a couple of years from now. Of course, we cannot deny the fact that whales and regulations manipulate the market in every way. I'm guessing that demand for BTC will grow as people realize the true benefits of the Lightning Network. No one knows what BTC's price will be in the future.

I've said "never" because it's taking too long for Bitcoin to reach at least $10k per coin. The high price volatility is extremely risky for any "hodler" today. Imagine if Bitcoin would go lower than $5k this year, instead of going higher by the next halving? Anyways, I think it's best to cash out to Fiat every once in a while and never have to worry about Bitcoin prices ever again. Roll Eyes